HDFC Bank Q4 takeaways: Asset quality steady, arm HDB's health improves

HDFC Bank Q4 takeaways: Asset quality steady, arm HDB’s health improves
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The bank continued to deliver strong operating performance in the March quarter as pre-provision operating profit surged 20 per cent on-year against expectations of around 13-14 per cent growth.
HDFC Bank decided against paying a final dividend to shareholders as a prudent policy choice in wake of the renewed uncertainties caused by the ongoing second Covid-19 wave in the country.
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MUMBAI: In a quarter where earnings of banks are expected to be hit by the recognition of Covid-related stress following the Supreme Court’s order, HDFC Bank today reported steady earnings for the quarter ended March.

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